Common use of Collateralization due to Currency Fluctuations Clause in Contracts

Collateralization due to Currency Fluctuations. If as of any Revaluation Date the Stated Amount of all LOCs exceeds the Commitment Amount, then ACE shall promptly, and in any event within five Business Days, provide and so long as such circumstance continues shall maintain Collateral with a Collateral Value equal to or greater than such excess.

Appears in 8 contracts

Samples: First Amendment (ACE LTD), First Amendment (ACE LTD), First Amendment (ACE LTD)

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